Monday, November 29, 2010

economics for

more life lessons from seinfeld (remember george's fashion?)



The Finale
changes in payoffs/game theory/incentives
Kramer, George, Jerry, and Elaine sit by and watch while a man is carjacked. They are arrested for not acting under the town's new Good Samaritan law. The law is designed to overcome individuals' incentive not to come to others' rescue; we can think of this as a law that changes payoffs in a game matrix.

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